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Poland: Implementation of EU Restructuring Directive 2019/1023—proceedings, court involvement, entry criteria, moratoria, creditor classes and voting, cram-down, treatment of shareholders, secured creditors, employees, and new money

Published on: 19 November 2025

Published by a LexisNexis Restructuring & Insolvency expert
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INSOL Europe/LexisNexis research on implementation of the EU Directive

LexisPSL is collaborating with INSOL Europe on a joint initiative to gather articles from INSOL Europe members and Country Coordinators explaining how EU Member States have implemented Directive (EU) 2019/1023 of the European Parliament and of the Council of 20 June 2019 on preventive restructuring frameworks, on discharge of debt and disqualifications, and on steps to enhance the efficiency of procedures concerning restructuring, insolvency and discharge of debt, which also amends Directive (EU) 2017/1132 (the EU Directive). A consolidated table is available at Practice Note: INSOL Europe/Lexis+® UK Joint Project on EU Harmonisation Directive 2019/1023: consolidated table. As always, local lawyers in the relevant jurisdiction should be consulted to verify the measures currently in force and the effect of any particular circumstances or nuances of your case.

Question 1: When did/will the new restructuring law come into force? What is/are the name of the new proceedings which comply with the EU Directive?

In Poland, the EU Directive came into force on 23 August 2025. Within our legal system, most of the solutions envisaged by the EU Directive were already present. In Poland, there are four restructuring proceedings:

  • arrangement...

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